Issue Date: 2021-09-01
Revised Date: 2023-05-24

Object Type

Cash — Real Property

Reference

AG Opinion JC-170 

Texas Constitution Art. VII, Sec. 18(i)

SPA Process Users Guide

 

Description

To record payment for the purchase of right to use assets as authorized by law and within GASB 87 and GASB 96 Implementation guidelines. Total cost must be equal to or greater than $100,000 for leases, and $500,000 for subscription-based IT arrangements.

Note

USAS Values

Appropriation Year 24
USAS Title CAP OUTLAY-RTU LEASES/SBITA
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 13 – CAPITAL OUTLAY